The Toronto stock market closed lower for the fifth consecutive
session after Statistics Canada announced that Canada shed 54,500
jobs in March and the unemployment rate rose to 7.2%. U.S. jobs
numbers also disappointed investors.
The S&P TSX Composite Index finished down 31 points at
12,331, after falling as low as 12,244 after the jobs figures were
Sector wise, utilities, health care and telecoms were all
weaker, offset by gains in energy and materials as gold stocks
Actively traded stocks included Orbite Aluminae (ORT.TO, +27%),
Enbridge (ENB.TO, -2%) and Tuscany International Drilling (TID.TO,
Commodity prices were mixed. May crude fell 0.6%, to settle at
$92.70 for a weekly loss of nearly 5%. June gold added 1.5% to
settle at $1,575.90. Gold prices ended the week 1.2% lower.
U.S. stocks also lost ground after the government said that far
fewer Americans found jobs in March than estimated.
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